The Board of Directors of Euro Holdings Berhad (“Euro” or “the Company”) wishes to announce that the Company had on 16 May 2025 received a notice in writing dated 15 May 2025 given pursuant to Section 281 of the Companies Act 2016 from Messrs. CHENGCO PLT (AF 0886) (“CHENGCO”) on their resignation as Auditors of the Company with immediate effect.

CHENGCO who has been the Auditors of the Company was re-appointed as the Auditors of the Company at the Twentieth (“20th”) Annual General Meeting (“AGM”) held on 17 December 2024 to hold office until the conclusion of the next AGM.

The resignation of CHENGCO was due to the suspension of its registration by the Audit Oversight Board ("AOB") of the Securities Commission Malaysia, which prohibits the firm from conducting audits of Public Interest Entities and scheduled funds, and the Board is not aware of any other matters that need to be brought to the attention of the shareholders of the Company.

Pursuant to Section 271(2)(b) of the Companies Act 2016, the Board will take the necessary steps to appoint new auditors to fill the casual vacancy, which will be announced in due course.

This announcement is dated 19 May 2025.